TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — Carvana Co. (CVNA) on Wednesday reported first-quarter profit of $250 million.
On a per-share basis, the Tempe, Arizona-based company said it had profit of $1.69.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.
The company posted revenue of $6.43 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $6.16 billion.
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